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Switzerland

Switzerland ranked No. 16 in total trade value through February with a total of $9.45 billion. Exports totaled $2.67 billion and Imports totaled $6.77 billion, a deficit of $4.1 billion.

January – February 2019

Top Trading Ports

Total Trade: $9.45 billion

RankPortTotal YTD
1John F. Kennedy International Airport $2,337,794,532
2Chicago O’Hare International Airport $1,991,521,329
3Port of Newark $1,268,165,064
4Port of New Orleans $449,831,364
5Los Angeles International Airport $289,242,787
6Philadelphia International Airport $254,668,878
7Cleveland’s Hopkins International Airport, Ohio $251,242,272
8San Francisco International Airport, Calif. $247,092,012
9Boston’s Logan International Airport $193,563,299
10Huntsville International Airport, Ala. $160,012,695

U.S. trade with Switzerland rose to $9.45 billion through February

Switzerland’s trade with the United States rose to $9.45 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.29 percent below its total trade during the same time period last year. Switzerland’s exports decreased 30.49 percent while imports rose 10.53 percent. The U.S. deficit with Switzerland was $4.1 billion.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Chicago O’Hare International Airport; No. 3 Port of Newark; No. 4 Port of New Orleans; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Newark No. 3 Chicago O’Hare International Airport No. 4 Los Angeles International Airport and No. 5 Cleveland’s Hopkins International Airport, Ohio. In the current time period, the top five accounted for 67.08 percent of Switzerland’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 12.8 percent to $2.34 billion.
    Exports fell 18.74 percent to $1.25 billion. Imports fell 4.84 percent to $1.09 billion.
  • Trade with No. 2 Chicago O’Hare International Airport rose 78.28 percent to $1.99 billion.
    Exports fell 38.18 percent to $83.05 million. Imports rose 94.19 percent to $1.91 billion.
  • Trade with No. 3 Port of Newark fell 4.18 percent to $1.27 billion.
    Exports fell 45.31 percent to $45.21 million. Imports fell 1.44 percent to $1.22 billion.
  • Trade with No. 4 Port of New Orleans rose 16.31 percent to $449.83 million.
    Exports rose 14.93 percent to $132.13 million. Imports rose 16.89 percent to $317.71 million.
  • Trade with No. 5 Los Angeles International Airport fell 59.38 percent to $289.24 million.
    Exports fell 78.74 percent to $120.59 million. Imports rose 16.3 percent to $168.65 million.

Switzerland ranked No. 16 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 16.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Switzerland by value through February were the categories of Jewelry, parts; Gold; Plasma, vaccines, blood; Paintings, drawings and other artwork; and Orthopedic appliances, artificial body parts, respectively. They accounted for 52.14 percent of total exports to Switzerland.

The value of the top five categories of U.S. imports from Switzerland –– Medicines in individual dosages; Value added to a returned import; Plasma, vaccines, blood; Nucleic acids and salts, heterocyclic compounds; and Wrist and pocket watches, not precious metals –– accounted for 61.53 percent of all inbound shipments.

Looking more closely at U.S. exports to Switzerland:

  • Jewelry, parts rose 3.5 percent compared to last year to $400.44 million.
  • Gold fell 64.58 percent compared to last year to $383.25 million.
  • Plasma, vaccines, blood fell 7.67 percent compared to last year to $256.22 million.
  • Paintings, drawings and other artwork fell 17.3 percent compared to last year to $232.4 million.
  • Orthopedic appliances, artificial body parts rose 19.92 percent compared to last year to $121.39 million.

Looking more closely at U.S. imports from Switzerland:

  • Medicines in individual dosages rose 32.59 percent compared to last year to $2 billion.
  • Value added to a returned import rose 12.24 percent compared to last year to $1.17 billion.
  • Plasma, vaccines, blood rose 18.39 percent compared to last year to $373.17 million.
  • Nucleic acids and salts, heterocyclic compounds rose 243.77 percent compared to last year to $314.34 million.
  • Wrist and pocket watches, not precious metals rose 6.47 percent compared to last year to $310.98 million.

In the latest annual figures available, Switzerland recorded $57.7 billion in trade with the United States. At year’s end, its were New York City; Chicago; Los Angeles; Cleveland; and Philadelphia. Total U.S. exports to Switzerland were $ 21.69 billion and imports from Switzerland were $36 billion. The U.S. deficit with Switzerland was $14.31 billion.